MENA: Market for Salts of Inorganic Acids or Peroxoacids (Excluding Azides and Double or Complex Silicates) 2024

Market Size for Salts of Inorganic Acids or Peroxoacids (Excluding Azides and Double or Complex Silicates) in MENA

The MENA's market for salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) expanded slightly to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in years to come.

Production of Salts of Inorganic Acids or Peroxoacids (Excluding Azides and Double or Complex Silicates) in MENA

In value terms, production of salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, production of reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Salts of Inorganic Acids or Peroxoacids (Excluding Azides and Double or Complex Silicates)

Exports in MENA

After five years of growth, shipments abroad of salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) decreased by X% to X tons in 2022. Overall, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports of attained the maximum at X tons in 2021, and then fell notably in the following year.

In value terms, exports of salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) fell notably to $X in 2022. In general, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The level of export peaked at $X in 2021, and then shrank rapidly in the following year.

Exports by Country

Turkey dominates silicates) structure, reaching X tons, which was near X% of total exports in 2022. Israel (X tons) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) exports, with a CAGR of X% from 2012 to 2022. Israel experienced a relatively flat trend pattern. While the share of Turkey (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Israel (X p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest salts of inorganic acids or peroxoacids supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Israel ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey amounted to X%.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, jumping by X% against the previous year. Export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Israel stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%).

Imports of Salts of Inorganic Acids or Peroxoacids (Excluding Azides and Double or Complex Silicates)

Imports in MENA

In 2022, approx. X tons of salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) were imported in MENA; waning by X% compared with the year before. In general, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, imports of salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) reduced to $X in 2022. Over the period under review, imports showed a pronounced decline. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X tons) was the key importer of salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates), generating X% of total imports. Oman (X tons) took the second position in the ranking, followed by Israel (X tons) and Iran (X tons). All these countries together held approx. X% share of total imports. The following importers - the United Arab Emirates (X tons), Egypt (X tons) and Morocco (X tons) - together made up X% of total imports.

Turkey experienced a relatively flat trend pattern with regard to volume of imports of salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates). At the same time, Iran (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. By contrast, the United Arab Emirates (X%), Morocco (X%), Oman (X%), Israel (X%) and Egypt (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey, Iran and the United Arab Emirates increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) in MENA, comprising X% of total imports. The second position in the ranking was held by Israel ($X), with a X% share of total imports. It was followed by Iran, with a X% share.

In Turkey, imports of salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Israel (X% per year) and Iran (X% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, increasing by X% against the previous year. Import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) increased by X% against 2019 indices. The growth pace was the most rapid in 2016 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Israel ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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